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Earnings Call Transcript

Laser Power and Infra Earnings Call Transcript: Key Takeaways

Laser Power enters high-voltage transmission with key orders from Power Grid and CESC, though heavy rains delayed EPC execution.

Laser Power & Infra Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growth₹628 Cr, 2.1% YoY; manufacturing drove growth while EPC lagged weather-wise.
MarginsEBITDA margin 12.1% vs 13% YoY; H2 target 12.5-13%.
Order book₹2,543 Cr; roughly 1:1 split between manufacturing and EPC segments.
Demand visibilityStrong; driven by India's grid modernization and renewable energy capacity expansion.
Management confidenceConfident; pivoting from distribution grade products to specialized high-voltage transmission.

Growth

Manufacturing revenue surged 29.9% YoY on high activity; total Q2 revenue grew 2.1% YoY to ₹628 Cr.

Outlook

EBITDA margins expected to stabilize at 12.5-13% in H2 FY27; ₹100 Cr deferred EPC revenue to recover.

Risks

EPC execution volatility due to weather; inventory levels temporarily elevated due to delayed project certification.

Last quarter's promises, checked

Delivered

  • Repay ₹490 Cr debt via IPO → repaid ₹490 Cr in Q2 (= BEAT)
  • Mfg revenue 'broadly stable' (Q1 ₹382 Cr) → +30% YoY (= BEAT)

Partly delivered

  • ₹1,250 Cr HTLS bids, margin uplift 'next few quarters' → first Power Grid order, value undisclosed (= PARTIAL)
  • ~₹40 Cr/yr interest saving → finance cost not disclosed; Q2 PAT ₹31 Cr vs Q1 ₹21 Cr (= PARTIAL)
  • ₹90 Cr FG/WIP spike to 'gradually moderate' → inventory still elevated on delayed certification (= PARTIAL)

Missed

  • Revenue growth 15–16% (5-yr CAGR basis) → +2.1% YoY to ₹628 Cr (= MISS)
  • ₹800 Cr projects to convert to revenue → EPC −51% YoY, ₹100 Cr deferred (= MISS)
  • EBITDA margin 'remain stable' (Q1 12.6%) → 12.1% vs 13% YoY (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: LASERPOWER. Summary written with AI assistance from the document.

Read the document ↗

Laser Power and Infra Ltd: key numbers

Share price
₹211.70
Market cap
₹2,972 Cr
Revenue (annual)
₹2,326 Cr
Net profit (annual)
₹151.6 Cr
Promoter holding
75.30%
FII holding
2.45%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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